Dossier
Luxury Market
Coverage of Luxury Market in the Nexus archive.
- Why venture capitalist Chamath Palihapitiya is getting roasted for saying possessions are 'worthless'
Chamath Palihapitiya, founder of Social Capital, faced criticism for calling possessions 'worthless' while appearing to wear a $2,700 Loro Piana sweater. Critics highlighted the contradiction, though Palihapitiya denied the item was from the luxury brand. The backlash occurs amid a tech-driven AI boom and shifting luxury market trends.
- Treasury Wine Flags Lower Earnings and Focus on Luxury Market
Treasury Wine reported lower earnings and a shift in focus toward the luxury market. The company's share price has struggled to regain momentum in 2026 after declining more than 50% in the previous year.